Surviving The Assault on Private Sector Careers in America

Obama’s Fiscal Recklessness…

DJH: In light of the false description of the deficit inherited from Bush that Obama made during the SOTU, I feel compelled to provide everyone with some FACTS about the Bush Deficit and the Obama Deficit.

As you study the chart below, keep in mind that the evil Bush tax cuts didn’t pass until 2002 and that Pelosi and Reid took over congress (and spending, and tax policy) in 2006. Also keep in mind that Bush was feverishly growing the size of government, yet almost fully funding that growth through general economic growth.

Finally, the big spike in 2008 included the full cost of TARP and assumed it would never repaid. We now know that much of it will be repaid with interest!

I’m no Bush fan, but this shows the difference between a president who is fiscally mediocre (Bush) and fiscally recklessly insane (Obama).

UPDATE: Many Obama defenders in the comments are claiming that the numbers above do not include spending on Iraq and Afghanistan during the Bush years. They most certainly do. While Bush did fund the wars through emergency supplementals (not the regular budget process), that spending did not simply vanish. It is included in the numbers above. Also, some Obama defenders are claiming the graphic above represents biased Heritage Foundation numbers. While we stand behind the numbers we put out 100%, the numbers, and the graphic itself, above are from the Washington Post. We originally left out the link to WaPo. It has now been added.